How To Use a Bitcoin ATM?
updated on:31 Oct 2020
Bitcoin ATMs are a convenient way to buy and sell small amounts of the cryptocurrency.For small transactions, theydon't require KYC, making them easier to use than setting up an account at an exchange.Before transacting with a Bitcoin
ATM you'll need a cryptocurrency wallet, though some ATMs can set up a paper walllet for you
Why to use Bitcoin ATM?
A Bitcoin ATM (Automated Teller Machine) is a kiosk that allows a person to purchase Bitcoin by using cash or debit card. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash.
How To Buy Bitcoin with a Bitcoin ATM?
First up you need to find a bitcoin ATM. You can track differenct ATMs from different website to let yourself know about ATMs location. Once you find one then it is really simple to use it. You can find different methods to use it in simple ways. Its experience is just like mormal ATMs. If you don’t have a wallet, don’t worry: many Bitcoin ATMs can generate a brand new paper wallet for you. A word of warning, though: keep your paper wallet safe, as anyone who gets access to the private key written on it will have access to your Bitcoin. To but bitcoins from bitcoins ATMs you need to a phone number on which you will recieve you verification code. Once you scan the code you which wallet you want to recieve the bitcoins, you will recieve it.
Its totally depend on you how much you want to buy by entering the numbers. After this you will put your cash for the bitcoins. Finally you will recieve your bitcoins in you wallet.
How to sell bitcoins with a Bitcoin ATM?
Selling bitcoins is very simple. First you need to select the option for selling bitcoins. YOu just need to enter amount how much you want
to sell. You will recieve a verification code on your number so you can verify. After this you have scan your ID for KYC.
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